With supply chain disruptions in the Red Sea expected to continue through the end of 2024 and strong demand in the container market, Maersk has updated its forecast for the year. Maersk now expects to achieve an underlying EBITDA between $9 and $11 billion, up from their previous estimate of $7 to $9 billion. They’re also forecasting EBIT to fall between $3 and $5 billion, a big jump from the earlier $1 to $3 billion range. On top of that, they’ve raised their free cash flow outlook to at least $2 billion, up from $1 billion before. Maersk has also upgraded its forecast for global container market growth, now expecting it to be between 4% and 6% in 2024, up from the earlier estimate of 2.5% to 4.5%.